US business stockpiles rise in May

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first_img Sponsored Stories Arizona families, Arizona farms: A legacy of tradition embracing animal care and comfort through modern technology Comments   Share   Here’s how to repair and patch damaged drywall WASHINGTON (AP) — U.S. businesses added to their stockpiles in May, while sales rose for a third straight month.Business stockpiles in May edged up 0.3 percent from the previous month on a seasonally adjusted basis, the Commerce Department reported Tuesday. The result may indicate that businesses are optimistic about future sales.Sales in May were up 0.4 percent following gains in March and April. Before March, sales had posted seven straight monthly declines. Ex-FBI agent details raid on Phoenix body donation facility The vital role family plays in societycenter_img Clean energy: Why it matters for Arizona Mesa family survives lightning strike to home New Valley school lets students pick career-path academies Top Stories Economists are forecasting sales to keep rebounding in the second half of this year and that consumer spending will help lift overall economic growth. However, a separate report Tuesday showed that retail sales in June fell 0.3 percent as consumers cut back their spending at stores and restaurants.Despite the disappointing retail sales result, which followed a robust 1 percent gain in May, analysts said they are still hopeful that consumers will ramp up their spending in coming months based on rising incomes from strong job gains over the past year.The economy went into reverse in the first quarter, shrinking at an annual rate of 0.2 percent. That decline in the gross domestic product was the result of an unusually harsh winter that kept consumers away from shopping malls and disrupted other economic activity as well.Analysts are forecasting a bounce back in the April-June period to 2.5 percent growth.The increase in stockpiles in May left inventories at a seasonally adjusted $1.8 trillion, an increase of 2.4 percent from May 2014.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img

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Pragmatism is key to global success story

first_imgPragmatism is key to global success storyOn 17 Feb 2004 in Personnel Today Depending on the markets that companies operate in, there is a growing needfor HR to cover a larger number of imponderables, however well the businessstrategy has been developed and implemented. Whether it be call centres to India or other parts of the world, allowingcompanies to cut costs from their UK businesses and attract higher-qualifiedstaff at lower salaries and overheads, HR’s input is essential for long-termsuccess. It is vital both in terms of the strategic input at corporate level,and the operational input at unit or geographical level. Even more poignant is the developing or setting up of operations in areas ofconflict, or geographical locations that are suffering from post-war trauma. In these circumstances, there is a need to amalgamate skills from thecorporate centre and operational HR activities, to ensure that those aligningthe business strategy have first-hand experience of the conditions in whichtheir staff, interims and sub-contractors have to operate, along with theirsupply chain partners and supply routes. Only then can strategies align withoperational reality. It is in these circumstances that HR takes on the mantle of a trueintegrated business partner, weighing up the commercial opportunities availableto the business against the risks that may be prevalent in the region – risksthat could ultimately and dramatically affect their employees and partners. To ensure business risks are minimised and staff safety is paramount, HR hasto take on a seriously pragmatic view of the situation, particularly in termsof pre-planning, strong project management at operational and implementationstage, and ensuring processes and procedures are in place, fully understood byall players and strictly adhered to. There is a need to fully analyse the ‘What If’ scenario, and put plans inplace for swift deployment or extraction, which requires a close rapport withall allied or ‘friendly’ forces in the region. To be fully effective, HR needs a seat at the project management table whenthe terms of reference are established for such business ventures. It needs achecklist, such as this: – Where – location and transportation – Type of venture – facilities – Terrain and remit – type and calibre of resources – Candidates – in-house and/or external – Personal profiling – strength of character, self- reliance, provendetermination and technical skills – Mobilisation – to/from and when – Security – resources, on the ground and in transit – Set-up and operation – control and risk factors – Deployment and/or extraction – pre-determined plan and process. Few in HR will have the chance to work in such circumstances. Those who dounderstand the enormity of the task and the personal accountability placed uponthem.By Stephen Hall, Chairman, SMHA incorporating, Performance ConsultingGroup   Previous Article Next Article Comments are closed. Related posts:No related photos.last_img

Polar zoobenthos blue carbon storage increases with sea ice losses, because across-shelf growth gains from longer algal blooms outweigh ice scour mortality in the shallows

first_imgOne of the major climate-forced global changes has been white to blue to green; losses of sea ice extent in time and space around Arctic and West Antarctic seas has increased open water and the duration (though not magnitude) of phytoplankton blooms. Blueing of the poles has increases potential for heat absorption for positive feedback but conversely the longer phytoplankton blooms have increased carbon export to storage and sequestration by shelf benthos. However, ice shelf collapses and glacier retreat can calve more icebergs, and the increased open water allows icebergs more opportunities to scour the seabed, reducing zoobenthic blue carbon capture and storage. Here the size and variability in benthic blue carbon in mega and macrobenthos was assessed in time and space at Ryder and Marguerite bays of the West Antarctic Peninsula (WAP). In particular the influence of the duration of primary productivity and ice scour are investigated from the shallows to typical shelf depths of 500 m. Ice scour frequency dominated influence on benthic blue carbon at 5 m, to comparable with phytoplankton duration by 25 m depth. At 500 m only phytoplankton duration was significant and influential. WAP zoobenthos was calculated to generate ~107, 4.5 × 106 and 1.6 × 106 tonnes per year (between 2002 and 2015) in terms of production, immobilization and sequestration of carbon respectively. Thus about 1% of annual primary productivity has sequestration potential at the end of the trophic cascade. Polar zoobenthic blue carbon capture and storage responses to sea ice losses, the largest negative feedback on climate change, has been underestimated despite some offsetting of gain by increased ice scouring with more open water. Equivalent survey of Arctic and sub-Antarctic shelves, for which new projects have started, should reveal the true extent of this feedback and how much its variability contributes to uncertainty in climate models.last_img

Ground-breaking legislation to help tenants onto property ladder enters Commons

Home » News » Ground-breaking legislation to help tenants onto property ladder enters Commons previous nextRegulation & LawGround-breaking legislation to help tenants onto property ladder enters CommonsBig Issue Lord Bird’s legislation is now only a few months away from becoming law, helped by former government minister Justine Greening.Nigel Lewis13th September 201801,998 Views LtoR: Justine Greening and Lord Bird.New legislation designed to force lenders to take rent and council tax payments into account when assessing tenants for mortgages has begun its journey through the House of Commons, sponsored by former government minister and MP Justine Greening.Introduced into parliament in June last year by Big Issue founder Lord Bird, it is now likely to get Royal Assent and become law next year; its passage through the Lords was unopposed and supported enthusiastically by all parties.“Thanks to Justine Greening plus [other] MPs from every party for sponsoring the Creditworthiness Assessment Bill in the House of Commons – it’s an historic moment in our campaign,” Lord Bird said.The bill will force a subtle but important change within the lending industry. Currently, credit reference agencies and lenders can opt to factor a borrower’s rental payment record into their lending decision, but it’s not an approach adopted uniformly.To date take-up of the ideas has been relatively slow – only Experian adds tenant rent payment records to people’s credit files while its two competing reference agencies do not.Royal assentWhen the Creditworthiness Assessment Bill does become law, lenders will be compelled by the Financial Conduct Authority to include rent and council tax payment records into lending decisions.Lord Bird’s plans go further than helping Generation Rent, though. His campaign has also focussed on the problems faced by those on low incomes who, because they struggle to prove their creditworthiness, get caught in a spiral of high-interest borrowing and debt.The long-time homelessness campaigner’s initiative is on top of recent government action on creditworthiness. The HM Treasury recently gave three fintech startups £2 million between them to develop platforms to help tenants get on the property ladder. These were Bud, RentalStep and CreditLadder.justine greening Lord Bird Big issue Creditworthiness Assessment Bill September 13, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021

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